The global minimally invasive surgical systems market size is expected to reach USD 41.16 Billion at a steady CAGR of 8.1% in 2028, according to latest analysis by Emergen Research. Steady market revenue growth can be attributed to increasing prevalence of chronic diseases such as cardiovascular diseases and chronic obstructive pulmonary disease. Chronic diseases account for majority of disabilities and deaths globally. Health expenses on chronic diseases are a major contributor to the USD 3.80 trillion yearly healthcare expenses in the US, with about 50.0% of the American population being diagnosed with a minimum of one chronic disease and the ratio is likely to grow in the future. Surgery is widely used to address various chronic diseases. 

The research report gives a special focus on the strengths and weaknesses of the leading participants and offers a comprehensive SWOT analysis and an investigative study for their evolution through extensive historical analysis. Additionally, the global Minimally Invasive Surgical Systems market is segmented into product types, applications, regions, and end-user industries. The report utilizes Porter’s Five Forces analysis to offer accurate predictions about the growth rate of the market. The study investigates and assesses the global Minimally Invasive Surgical Systems market in terms of market size, market share, and revenue generation. The report also assesses the growth of the segments of the Minimally Invasive Surgical Systems market over the forecast timeline.

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Some Key Highlights From the Report

  • In October 2020, Stryker Corporation introduced Niagara Lateral Access System, which is a lateral spine product. Launch of Niagara Lateral Access System would provide expand Stryker Corporation’s minimally invasive lateral solutions’ product line for the treatment of spinal deformities.
  • Cardiovascular diseases are the foremost cause of mortality worldwide, accounting for about 17.9 million deaths each year. In 2018, around 12.0% of the adult population in the US were diagnosed with cardiovascular disease. Minimally invasive surgical systems in cardiovascular surgeries offer benefits of smaller surgical cuts and scars, decreased infection risk, less pain, and fewer physical limitations. For instance, patients undergoing traditional cardiac operations are restricted to drive vehicles or lift heavy (over 5 pounds), whereas in case of minimally invasive surgeries there are no such restrictions.
  • Minimally invasive surgical systems market in North America accounted for largest revenue share in 2020 due high adoption of advanced healthcare technologies, rising prevalence of chronic diseases, and high healthcare expenses. In addition, presence of leading companies providing minimally invasive surgical systems in countries in the region is causative of steady market revenue growth.
  • Key players in the market include Stryker Corporation, Abbott Laboratories, Medtronic PLC, Boston Scientific Corporation, Johnson & Johnson, OmniGuide Holdings Inc., B. Braun Melsungen AG, Becton, Dickinson and Company, CONMED Corporation, and Hoya Corporation.

Market Segmentation:

Emergen Research has segmented the global minimally invasive surgical systems market on the basis of device type, surgery type, end-use, and region:

  • Device Type Outlook (Revenue, USD Billion; 2018–2028)
    • Handheld Devices
    • Cutter Devices
    • Inflation Devices
    • Electrosurgical Devices
    • Monitoring and Visual Devices
    • Guiding Devices
    • Auxiliary Devices
  • Surgery Type Outlook (Revenue, USD Billion; 2018–2028)
    • Gastrointestinal Surgery
    • Cardiovascular Surgery
    • Orthopedic Surgery
    • Urological Surgery
    • Cosmetic Surgery
    • Neurological Surgery
    • Others
  • End-Use Outlook (Revenue, USD Billion; 2018–2028)
    • Hospitals
    • Specialty Clinics
    • Ambulatory Surgical Centers

Regional Analysis:

The report provides an investigation of the global market in various geographical regions. The regional analysis states the global market is bifurcated into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. The report also covers import export consumption, supply and demand ratio, cost, pricing analysis, gross margin, and revenue estimation of each player in each region. The report covers a detailed examination of the market scenarios and trends on a regional and global level.

Key geographical regions analyzed in the report:

North America (U.S., Canada)

Europe (U.K., Italy, Germany, France, Rest of EU)

Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

Latin America (Chile, Brazil, Argentina, Rest of Latin America)

Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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Key Objectives of the Minimally Invasive Surgical Systems Market Report:

  • To provide an exhaustive overview of the Minimally Invasive Surgical Systems market both on the global and regional levels
  • To offer extensive analysis and forecast of the market scenario for the global Minimally Invasive Surgical Systems market
  • Analysis of the market segmentation, market size and share, and estimations for the same in the forecast period
  • Extensive study of market dynamics and the factors influencing the growth of the industry
  • Comprehensive competitive landscape analysis and extensive regional analysis
  • SWOT analysis, Porter’s Five Forces analysis, feasibility analysis, and investment return analysis
  • Prevailing marketing strategies along with strategic recommendations for the new players and established companies

Table Of Content:

Chapter 1. Methodology & Sources
    1.1. Market Definition
    1.2. Research Scope  
    1.3. Methodology
    1.4. Research Sources
          1.4.1. Primary
          1.4.2. Secondary
          1.4.3. Paid Sources
    1.5. Market Estimation Technique
Chapter 2. Executive Summary
    2.1. Summary Snapshot, 2020-2028
Chapter 3. Key Insights
Chapter 4. Minimally Invasive Surgical Systems Market Segmentation & Impact Analysis
    4.1. Minimally Invasive Surgical Systems Market Material Segmentation Analysis
    4.2. Industrial Outlook
          4.2.1. Market indicators analysis
          4.2.2. Market drivers’ analysis
                    4.2.2.1. Growing volume of surgical procedures
                    4.2.2.2. Growing geriatric population
                    4.2.2.3. Rising prevalence of on-road accidents
          4.2.3. Market restraints analysis 
                    4.2.3.1. Lack of skilled professionals
    4.3. Technological Insights 
    4.4. Regulatory Framework
    4.5. Porter’s Five Forces Analysis
    4.6. Competitive Metric Space Analysis
    4.7. Price trend Analysis
    4.8. Covid-19 Impact Analysis

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Contact Information:

Contact Us:

Eric Lee

Corporate Sales Specialist

Emergen Research | Web: www.emergenresearch.com

Direct Line: +1 (604) 757-9756

E-mail: sales@emergenresearch.com

Facebook | LinkdIn | Twitter | Blogs